Fundamentals of accounting, the language of business, including what accounting information is, how it is developed, how it is used and what it means. Financial Accounting including the application of accounting principles for real world, complex business transactions to classify these transactions, reflect their economic value, produce basic financial statements, evaluate financial position and make fundamental interpretations. Managerial Accounting including cost behaviors, budgeting and other management reporting to assist in internal decision making and performance analysis. Attention to accountants codes of ethics applied throughout. Emphasis placed on non-Business majors becoming informed users of accounting information. No credit will be given for ACIS 1004 if taken with or after ACIS 2115 or ACIS 2116.